Moneycontrol
Aug 10, 2017 04:05 PM IST | Source: Moneycontrol.com

HFCL: Outcome of board meeting

The Board of Directors of the Company has considered and approved setting up a Optical Fibre Manufacturing Facility as a backward integration of optical fibre cable manufacturing at Hyderabad having capacity of approx. six million fibre kilometre per annum. The estimated project cost will be Rs.225 Crores.

 
 
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2.The Company manufactures optical fibre cable at its Goa plant and at Chennai in Company's subsidiary HTL Limited. To reduce the input cost and to overcome the worldwide shortage of fibre supply, the Board of Directors of the Company has considered and approved setting up a Optical Fibre Manufacturing Facility as a backward integration of optical fibre cable manufacturing at Hyderabad having capacity of approx. six million fibre kilometre per annum. The estimated project cost will be Rs.225 Crores. The same is proposed to be funded by way of debt, internal accruals, fresh funding, etc. The Facility is likely to be operational in eighteen months' time.
Source : BSE
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